Tax challenges of digitalisation: Public comments received on the Implementation Framework of the global minimum tax
The OECD has published the public comments received on the Implementation Framework of the global minimum tax. This has been announced on 13 April 2022 with a news release on the website of the OECD. On 14 March 2022, interested parties were invited to provide comments on the Implementation Framework of the global minimum tax. CFN-artikelnummer 20220415-14 BRONDOCUMENT (link to the news release dated 13 April 2022 on the website of the ...
New tool provides insights into digitalisation practices and initiatives for 76 tax administrations
Tuesday April 5, 2022, the OECD Forum on Tax Administration and eight key partner organisations launched the first phase of a new global Inventory of Tax Technology Initiatives (ITTI) which contains information on the use of leading technology tools and digitalisation solutions implemented by 76 tax administrations across the world. This has been announced on 5 April 2022 with a news release on the website of the OECD. Further from the ...
Tax Challenges of Digitalisation: OECD invites public input on the draft rules for scope under Amount A of Pillar One
As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD is seeking public comments on the Draft Model Rules for Domestic Legislation on Scope under Amount A of Pillar One. This has been announced on 4 April 2022 with a news release on the website of the OECD. Further from the ...
Tax challenges of digitalisation: Public comments received on the draft rules for tax base determinations under Pillar One Amount A
The OECD has published the public comments received on the Draft Rules for Tax Base Determinations under Pillar One Amount A. This has been announced on 8 March 2022 with a news release on the website of the OECD. On 18 February 2022, as part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation ...
Tax challenges of digitalisation: OECD invites public input on the Implementation Framework of the global minimum tax
On Monday, March 14, 2022, the OECD/G20 Inclusive Framework on BEPS released the Commentary on the GloBE Rules, which provides MNEs and governments with detailed and comprehensive technical guidance on the operation and intended outcomes under the rules. The next step in the work on the GloBE rules turns to the development of the Implementation Framework as agreed under the Detailed Implementation Plan set out in the October Statement. To inform the ...
OECD releases detailed technical guidance on the Pillar Two model rules for 15% global minimum tax
Last Monday, March 14, 2022, the OECD/G20 Inclusive Framework on BEPS released further technical guidance on the 15% global minimum tax agreed in October 2021 as part of the two-pillar solution to address the tax challenges arising from digitalisation of the economy. The Commentary published today elaborates on the application and operation of the Global Anti-Base Erosion (GloBE) Rules agreed and released in December 2021. The GloBE Rules provide a co-ordinated system to ensure that Multinational ...
Tax challenges arising from digitalisation: Public comments received on the draft rules for nexus and revenue sourcing under Pillar One Amount A
The OECD has published the public comments received on the Draft Rules for Nexus and Revenue Sourcing under Pillar One Amount A. This has been announced on 22 February 2022 with a news release on the website of the OECD. On 4 February 2022, as part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation ...
OECD Secretary-General Tax Report presented to G20 Finance Ministers and Central Bank Governors (Indonesia, February 2022)
The OECD Secretary-General’s Tax Report with international tax updates has been presented to G20 Finance Ministers and Central Bank Governors (Indonesia, February 2022). Click here for a link to the report (pdf) on the website of the OECD. From the introduction to the report: Since October 2021 and the historic agreement reached on the two-pillar international tax package, the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting (BEPS) - ...
Tax challenges of digitalisation: OECD invites public input on the draft rules for tax base determinations under Amount A of Pillar One
As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD is seeking public comments on the Draft Rules for Tax Base Determinations under Amount A of Pillar One. This has been announced on 18 February 2022 with a news release on the website of the OECD. Furthermore from ...
OECD launches public consultation on the tax challenges of digitalisation with the release of a first building block under Pillar One
The OECD has launched the public consultation campaign on the tax challenges of digitalisation with the release of a first building block under Pillar One and invites public input on the draft rules for nexus and revenue sourcing under Pillar One amount A. This has been announced on Friday, February 4, 2022 with a news release on the website of the OECD and follows from information on this page on ...
Countries continue the successful implementation of international standards on harmful tax practices and tax dispute resolution
Progress continues in combatting harmful tax practices and providing greater tax certainty. New outcomes on the review of preferential tax regimes and new peer review reports on Mutual Agreement Procedures have been approved by the OECD/G20 Inclusive Framework on BEPS, which groups over 140 countries and jurisdictions on an equal footing for multilateral negotiation of international tax rules. This has been announced by the OECD with a press release dated 24 ...
Tax dispute resolution – MAP peer review report (Stage 2): Curaçao meets all of the elements of the Action 14 Minimum Standard and solved all of the identified deficiencies
New peer review reports on Mutual Agreement Procedures (MAP) have been approved by the OECD/G20 Inclusive Framework on BEPS, which groups over 140 countries and jurisdictions on an equal footing for multilateral negotiation of international tax rules. This has been announced by the OECD with a press release dated 24 January 2022 on the occasion of the release of the peer review reports. Curaçao The Stage 2 peer review monitoring ...
OECD Taxation Working Paper ‘Measuring Effective Taxation of Housing. Building the Foundations for Policy Reform’
On January 12, 2022, the OECD published the Taxation Working Paper ‘Measuring Effective Taxation of Housing. Building the Foundations for Policy Reform’. Click here to go to the relevant page concerning this publication on the website of the OECD. This paper measures the effective taxation of housing investments in 40 OECD member and partner countries. The paper derives both Marginal Effective Tax Rates (METRs) and Average Effective Tax Rates (AETRs), ...
New OECD hub to boost transparency on the tax treatment of foreign aid
The OECD launched a new digital hub to improve transparency around the taxation of development aid by presenting approaches taken by participating donor countries to claiming tax exemptions on goods and services funded by official development assistance (ODA), the ‘Tax Treatment of Aid: Digital Transparency Hub’. This has been announced on 19 January 2022 with a news release on the website of the OECD. Furthermore form the news release: The ...
OECD releases latest edition of the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations
The OECD has released the 2022 edition of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. This has been announced on 20 January 2022 with a news release on the website of the OECD. Furthermore form the news release: The OECD Transfer Pricing Guidelines provide guidance on the application of the "arm’s length principle", which represents the international consensus on the valuation, for income tax purposes, of cross-border transactions between ...
Heads of tax administration prioritise collaboration on the implementation of the Two-Pillar Solution, digital transformation and capacity building
The OECD's Forum on Tax Administration (FTA) held its 14th Plenary meeting on 16-17 December 2021, bringing together tax commissioners from across the globe as well as representatives from international organisations and regional tax administration bodies. Participants discussed top-of-mind tax administration issues including the implementation of the landmark Two-Pillar Solution, lessons learned from the ongoing responses to the global COVID-19 pandemic, digital transformation and capacity building. This has been announced on 17 December ...
OECD releases Pillar Two model rules for domestic implementation of 15% global minimum tax
Monday December 20th, 2021, the OECD published detailed rules to assist in the implementation of a landmark reform to the international tax system, which will ensure Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. This has been announced on 20 December 2021 with a news release on the website of the OECD. Furthermore from the news release. The Pillar Two model rules provide governments ...
Over 130 jurisdictions comprehensively reviewed in the latest BEPS Action 5 peer review on tax rulings
Tuesday December 14th, 2021, the OECD/G20 Inclusive Framework on BEPS released the 2020 peer review assessments of 131 jurisdictions in relation to the spontaneous exchanges of information on tax rulings. The conclusions show that the global reach of the BEPS Action 5 minimum standard on tax rulings continues to increase, with 22 000 tax rulings having been identified and 41 000 exchanges between jurisdictions having taken place. The exchange on tax ...
OECD releases new transfer pricing profiles for 21 countries
Monday December 13th, 2021, the OECD released the second batch of updated transfer pricing country profiles for Austria, Belgium, Bulgaria, France, Georgia, Germany, Indonesia, Ireland, Italy, Latvia, Malaysia, Mexico, Peru, Poland, Seychelles, Singapore, South Africa and Sweden. Monday’s release also includes for the first time country profiles for Albania, Kenya and the Maldives, bringing the total number of countries covered to 63. This has been announced on 13 December 2021 ...
BEPS Action 5 peer review on tax rulings: Sint Maarten has met all aspects of the terms of reference for the calendar year 2020 that can be met in the absence of rulings being issued in practice, no recommendations are made (Sint Maarten)
Tuesday December 14th, 2021, the OECD/G20 Inclusive Framework on BEPS released the 2020 peer review assessments of 131 jurisdictions in relation to the spontaneous exchanges of information on tax rulings. The conclusions show that the global reach of the BEPS Action 5 minimum standard on tax rulings continues to increase, with 22 000 tax rulings having been identified and 41 000 exchanges between jurisdictions having taken place. The exchange on tax ...
BEPS Action 5 peer review on tax rulings: Curaçao has met all aspects of the terms of reference for the year 2020 except for identifying rulings within the scope of the transparency framework and under which category of rulings they fall and completing exchanges of information on rulings in accordance with the timelines. Curaçao receives recommendations (Curaçao)
Tuesday December 14th, 2021, the OECD/G20 Inclusive Framework on BEPS released the 2020 peer review assessments of 131 jurisdictions in relation to the spontaneous exchanges of information on tax rulings. The conclusions show that the global reach of the BEPS Action 5 minimum standard on tax rulings continues to increase, with 22 000 tax rulings having been identified and 41 000 exchanges between jurisdictions having taken place. The exchange on tax ...
BEPS Action 5 peer review on tax rulings: Aruba has met all aspects of the terms of reference for the year 2020 that can be met in the absence of rulings being issued in practice, no recommendations are made (Aruba)
Tuesday December 14th, 2021, the OECD/G20 Inclusive Framework on BEPS released the 2020 peer review assessments of 131 jurisdictions in relation to the spontaneous exchanges of information on tax rulings. The conclusions show that the global reach of the BEPS Action 5 minimum standard on tax rulings continues to increase, with 22 000 tax rulings having been identified and 41 000 exchanges between jurisdictions having taken place. The exchange on tax ...
Government support cushions tax revenues in OECD countries from the worst impacts of the COVID-19 crisis
The impact of the COVID-19 pandemic on tax revenues was less pronounced than during previous crises, in part due to government support measures introduced to support households and businesses, according to new OECD research published on Monday, December 6th, 2021: Revenue Statistics 2021, The Initial Impact of COVID-19 on OECD Tax Revenues. This has been announced on 6 December 2021 with a news release on the website of the OECD ...
Global Forum organises workshop on automatic exchange of information’s effectiveness review process
The Global Forum Secretariat organised a workshop on the effectiveness review process with a focus on ensuring compliance by financial institutions in relation to the Automatic Exchange of Financial Account Information (AEOI). Held virtually on 1-2 December 2021, it was attended by over 420 participants from 84 jurisdictions. This has been announced on 3 December 2021 with a news release on the website of the OECD. Furthermore from the news ...
Belgium, Estonia, the Netherlands and Qatar deposit new notifications under the Multilateral BEPS Convention
Belgium, Estonia, the Netherlands and Qatar have deposited new notifications under the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Multilateral Convention or MLI) subsequent to their ratification. This has been announced on Tuesday 25 November 2021 with a news release on the website of the OECD. Furthermore from the news release: Estonia has notified, in relation to Article 35(7)(a)(i) of the MLI, ...
Taxpayer education is a key tool to transform tax culture and increase voluntary compliance
Raising sufficient tax revenues remains a major challenge for many countries, especially in light of the impacts of the COVID-19 pandemic. Taxpayer education can be a key tool to boost the willingness of individuals and businesses to voluntarily pay tax, and play a vital role at the heart of mobilising the tax revenues urgently needed to help achieve the Sustainable Development Goals, according to a new OECD study, the second ...
New mutual agreement procedure statistics on the resolution of international tax disputes released on OECD Tax Certainty Day
As part of the BEPS Action 14 minimum standard and the wider G20/OECD tax certainty agenda to improve the effectiveness and timeliness of tax-related dispute resolution mechanisms, the OECD released the latest mutual agreement procedure (MAP) statistics covering 118 jurisdictions and practically all MAP cases worldwide. This has been announced on Tuesday 22 November 2021 with a news release on the website of the OECD. Furthermore from the news release: ...
Global Forum members continue multilateral efforts to advance transparency agenda and fight tax evasion
The international fight for transparency and exchange of information in tax matters continues at great speed in spite of the COVID-19 pandemic. In the three-day 2021 Global Forum plenary meeting – which is held virtually from 17 to 19 November 2021 – ministers, high-level authorities and delegates from about 130 member jurisdictions will take stock of the progress made on multilateral co-operation in transparency and exchange of information for tax purposes and discuss ...
Tax Inspectors Without Borders continues to significantly boost domestic revenue mobilisation in spite of COVID-19 crisis
An effective capacity building initiative run by the Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP) continues to strengthen developing countries’ ability to fight tax avoidance by multinational enterprises, with operations running in 47 countries and more than USD 850 million generated in new tax revenues since July 2020. Tax Inspectors Without Borders (TIWB) provides practical, hands-on assistance to developing countries in order to ...
G20 economies are pricing more carbon emissions but stronger globally more coherent policy action is needed to meet climate goals, says OECD
Almost half of all energy-related CO2 emissions in G20 economies are now covered by a carbon price, as several countries introduced or extended carbon taxes or emissions trading systems in the last few years. More needs to be done using the full range of policy tools, if countries are to match their long-term climate ambitions with outcomes, according to a new OECD report: Carbon Pricing in Times of COVID-19: What Has ...
